8 De Diciembre Group
Lorenza works selling clothing and lingerie, and she offers a wide variety of high quality products to her customers. She is a very hardworking woman who does everything for the good of her family, and in order to give them a life free from want.
Lorenza is requesting this loan in order to pay off orders of clothing she has made to further stock her business. She also wants to be able to offer a wide variety of products to increase her customer base.
La Sra. Lorenza se dedica a la venta de ropa y de lencería y cuenta que tiene siempre muy buena variedad de esas prendas, por lo que tiene muy buena clientela. Ella es una persona que se esfuerza siempre por dar a su familia lo que ellos necesitan para tener una vida sin necesidades.
Lorenza solicita el crédito, ya que tiene pedidos de prendas y lencería y quiere poder cumplir con ellos, además quiere estar abastecida con buena variedad para atraer a más clientes.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid